Is Argentina the Harbinger of a Free-Trade Atlantic Triangle?

Categories: economy, governance, security
Tags: geostrategic, latin america

What? Argentina’s president, Maurico Macri, is calling for: greater South American economic cooperation; more positive engagement with the United States (US); and, free trade with the Economic Union (EU).

So what? South America could hold the key to continued Western global economic dominance. The anti-Western economic strategies of Venezuela and, to a lesser extent, Brazil are crumbling. A new generation of South American leaders like Macri are signalling that they want to create a cooperative rather than oppositional role for their continent in the global economy. While Macri still faces domestic political opposition and a daunting national debt, if successful, Argentina’s ambitions could potentially create a new 'Atlantic Triangle' of free trade between South America, the US and the EU. This could give fresh wind to the Western-economic order in the face of alternative economic systems led by Asian countries and increased South-South trade.

Source: Foreign Policy – Argentina’s New President Wants to Change the Way Latin American Does Business

Economy Weakly Scan icon
Environment Weakly Scan icon
Governance Weakly Scan icon
Security Weakly Scan icon
Social Weakly Scan icon
Technology Weakly Scan icon

Date modified